Yunfeng Finance allocated 190 million new shares, falling more than 12% during the session

According to BlockBeats, on September 16, Hong Kong-listed company Yunfeng Finance allocated and issued a total of 191 million new shares in a way that was old first and then new, with an allocation price of HK$6.1 per share, and a total of approximately HK$1.17 billion in fundraising. The purpose of this placement is to expand the company's shareholders and capital base and increase the liquidity of the company's shares in the market. The amount of funds collected this time is mainly used for the Group's system facilities upgrade, talent recruitment and related capital needs, including but not limited to the launch of comprehensive virtual asset trading services and virtual asset-related investment management services. According to market information, Hong Kong stock Yunfeng Financial opened low and closed low, falling by more than 12% during the session, and is now quoted at HK$6.43. Previously, Yunfeng Finance announced that its wholly-owned securities subsidiary Yunfeng Securities Co., Ltd. has been approved by the Hong Kong Securities Regulatory Commission to provide virtual asset trading services.